Black Box Limited has allotted 8,179 equity shares to Manish Agarwal through conversion of convertible warrants on February 11, 2026. The Board of Directors approved the allotment at their meeting held on the same date, pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.

Share Allotment Details

The equity shares were allotted at Rs. 417 per share, comprising a face value of Rs. 2 and a premium of Rs. 415 per share. The allotment was made against receipt of the balance subscription amount for warrant conversion.

Impact on Share Capital

The allotment resulted in an increase in the company's issued, subscribed and paid-up capital. The total number of equity shares outstanding increased from 17,04,82,543 to 17,04,90,722 shares.

Shareholding Pattern Changes

Manish Agarwal's shareholding in the company increased following the allotment, though his percentage holding remained unchanged at 0.01% due to the relatively small size of the allotment compared to the total share capital.

Warrant Conversion Process

The warrants were originally allotted on September 27, 2024, at Rs. 417 each. As per the conversion mechanism, 25% of the total consideration was received at the time of warrant allotment, while the balance 75% was received during the current conversion into equity shares.

Following this allotment, the company has 70,04,533 warrants outstanding for conversion. The newly allotted shares will rank pari passu with the existing equity shares of the company, carrying equal rights and privileges.

Black Box Limited has announced its consolidated unaudited financial results for the third quarter ended December 31, 2025, demonstrating robust operational performance with significant revenue growth across key business segments.

Financial Performance Overview

The company delivered strong financial results for Q3FY26, showcasing improved operational efficiency and market expansion. The consolidated performance reflects the company's strategic focus on system integration and technology solutions.

Segment-wise Performance

The system integration segment continued to be the primary revenue driver, contributing significantly to the overall growth trajectory. The technology product solutions segment showed improvement compared to previous quarters.

Nine Months Performance

For the nine months ended December 31, 2025, the company maintained steady growth momentum with consolidated revenue reaching Rs. 4,630.91 crores compared to Rs. 4,422.33 crores in the corresponding period last year, representing a growth of 4.72%. Net profit for the nine-month period stood at Rs. 152.76 crores against Rs. 144.31 crores in the previous year.

Exceptional Items and Regulatory Matters

The company reported exceptional expenses of Rs. 21.92 crores during Q3FY26, primarily comprising severance expenses of Rs. 13.96 crores related to manpower rationalization at BBX Inc., lease foreclosure costs of Rs. 2.56 crores, and Rs. 5.55 crores impact from new Labour Codes implementation. The auditors noted delays in foreign currency transactions totaling Rs. 30.52 crores in import payments and Rs. 6.35 crores in export repatriations, for which the company has filed necessary applications with appropriate authorities.

Earnings Per Share and Capital Structure

The company's paid-up equity share capital increased to Rs. 34.07 crores from Rs. 33.84 crores, reflecting warrant conversions and ESOP allotments during the period. Basic earnings per share for Q3FY26 stood at Rs. 2.92 after exceptional items and Rs. 4.21 before exceptional items.